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NSE Adopts Technology To Promote Financial Literacy

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In line with its commitment to building a financially savvy generation, the Nigerian Stock Exchange (NSE) is pushing for the adoption of financial literacy through the use of information and communications technology (ICT) among secondary school students in the country.

The NSE in a statement said it would commence its essay competition for students in senior secondary schools in all states of the federation with the topic: “Discuss how technology can promote financial literacy and encourage investment habit among youths”, which aims to bring the subject of technology to the fore and get young people to start thinking early about how it can be applied to real-life business situations. 

According to NSE, this year’s competition, which is supported by Jim Ovia Foundation opened on July 16, 2018 and will close on October 05, 2018.  Head, corporate communications of NSE, Mr. Olumide Orojimi, said improving financial literacy is important to the future of Nigeria.

“Youths are an important stakeholder group as it relates to planning for a sustainable future as a nation and we must imbibe in them, good financial skills that will assure a secured and great future for them and the competition serves as an essential platform”, he said.

He added that “as the premier multi-asset securities exchange, this is one of the ways we contribute to building a financial literate Nigeria.” He also explained that since its commencement in year 2000, the NSE Essay Competition has inspired over 30,000 young people in over 3,500 secondary schools across Nigeria.

He noted that through this competition, the NSE has been able to promote financial literacy among young Nigerians, by encouraging them to learn how good financial decisions can better their lives now and in the future, and ultimately grow the economy.

“We continue to be inspired by both the increasing number of participation in this financial literacy activation and the boundless imagination that the topics spur amongst the vast majority of the students. This year’s theme could not have come at a better time as the world prepares for a fourth industrial revolution that will be primarily driven by technology.



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